Coca Cola Femsa SAB de CV Stock Forecast
Green day on Friday for Coca Cola Femsa SAB de CV stock after gaining 0.95%
(Updated on Apr 26, 2024)
The Coca Cola Femsa SAB de CV stock price gained 0.95% on the last trading day (Friday, 26th Apr 2024), rising from $98.67 to $99.61. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.58% from a day low at $98.66 to a day high of $100.22. The price has risen in 6 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell on the last day by -112 thousand shares and in total, 127 thousand shares were bought and sold for approximately $12.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $99.34, a level that may pose a second chance to hit a runner. According to fan-theory $107.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KOF Signals & Forecast
Mostly positive signals in the chart today. The Coca Cola Femsa SAB de CV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $95.71 and $96.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Coca Cola Femsa SAB de CV stock
Coca Cola Femsa SAB de CV finds support from accumulated volume at $98.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.56 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: $96.32 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (KOF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Coca Cola Femsa SAB de CV to open at $99.50, and during the day (based on 14 day Average True Range), to move between $97.22 and $102.00, which gives a possible trading interval of +/-$2.39 (+/-2.40%) up or down from last closing price. If Coca Cola Femsa SAB de CV takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.90 (0.29%) than the support at $98.01 (1.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Coca Cola Femsa SAB de CV stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.664 Buy Candidate Unchanged
Predicted Opening Price for Coca Cola Femsa SAB de CV of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $99.50 ( 0.114%) | $99.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.06 | 1.45 % | |
| R2 | 100.46 | 0.85 % | ||
| R1 | 100.09 | 0.484 % | ||
| Current price: | 99.61 | |||
| Support | S1 | 98.90 | -0.712 % | |
| S2 | 98.53 | -1.08 % | ||
| S3 | 97.94 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.39 | 2.79 % | |
| R2 | 100.29 | 0.683 % | ||
| R1 | 99.90 | 0.291 % | ||
| Current price | 99.61 | |||
| Support | S1 | 98.01 | -1.61% | |
| S2 | 97.05 | -2.57% | ||
| S3 | 95.84 | -3.78% |
KOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Oct 31, 2023 | Nov 03, 2023 | $1.65 | 2.03% |
| 2 | Apr 18, 2023 | May 01, 2023 | May 15, 2023 | $1.61 | 1.81% |
| 3 | Oct 21, 2022 | Oct 31, 2022 | Nov 14, 2022 | $1.36 | 2.00% |
| 4 | Apr 20, 2022 | Apr 29, 2022 | May 13, 2022 | $1.35 | 2.44% |
| 5 | Oct 20, 2021 | Oct 29, 2021 | Nov 15, 2021 | $1.24 | 2.36% |
FAQ
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